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Winmark: Franchising And Leasing

July 31, 2014

Winmark Corporation, a company based in Minneapolis, Minnesota has undergone a number of name changes but its business has mainly been about franchising.  The firm was incorporated in 1988 under the name, Play It Right Again Sports Franchise Corporation. It then changed its name to Grow Biz International, Inc. and became a public company in 1993.

In 2000 the present management team took the helm and renamed the firm Winmark Corporation in 2001. Today Winmark is a leading figure in franchised-owned and operated businesses, with more than 1,000 franchises in North America. Aside from its Play It Again Sports concept launched in 1988 it has other franchise businesses including: Plato’s Closet, Once Upon a Child, Music Go Round and Style Encore. All of these brands buy, sell, trade, and/or consign used and new brand-name merchandise.

Winmark expanded its financing services in 2004 to middle market businesses through its subsidiary Winmark Capital Corporation and to small businesses through subsidiary, Wirth Business Credit.  Through Winmark Capital it provides tailored business equipment leasing services to large and medium-sized businesses.

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